Asia And Europea Markets In Red, Crude Trades Above $75, Gold Trading Near $1,950 - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
US stock markets closed lower on November 10th due to rising Treasury yields and comments from Federal Reserve Chair Jerome Powell about the need to bring inflation back to its target. S&P 500 and Nasdaq broke their winning streaks, with all S&P sectors finishing lower. Asian and European markets also closed lower, with commodities trading mixed. US futures were down.

November 10, 2023 | 12:33 pm
News sentiment analysis
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NEGATIVE IMPACT
Gold was trading lower, potentially impacting GLD.
The GLD ETF tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. As gold was trading lower, it is likely that the GLD ETF will also be negatively impacted.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
European markets closed lower, potentially impacting IEUR.
The IEUR ETF tracks an index of large, mid and small-cap European stocks. As European markets closed lower, it is likely that the IEUR ETF will also be negatively impacted.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
S&P 500 broke its eight-day winning streak and all sectors finished lower, potentially impacting SPY.
The S&P 500 index is directly related to the SPY ETF. As all sectors of the S&P 500 finished lower, it is likely that the SPY ETF will also be negatively impacted.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The U.S. Dollar Index was down, potentially impacting UUP.
The UUP ETF tracks an index of the value of the US dollar compared to a basket of six leading currencies. As the U.S. Dollar Index was down, it is likely that the UUP ETF will also be negatively impacted.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100